Suffolk Building Society Conveyancing Panel Information

The information on this page is designed to keep solicitors and licensed conveyancers abreast of latest requirements changes by Suffolk Building Society and to assist in remaining on the Suffolk Building Society Conveyancing Panel.

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Suffolk Building Society Solicitor Panel Information:

What are the Suffolk Building Society conveyancing panel arrangements?

Unlike the CML the Building Society Mortgage Instructions deal with this. Section A.12 states ‘In order to act on our behalf your firm or company must be a member of our conveyancing panel provided we are a society that operates one – see specific requirements for details of our arrangements. The Special Requirements state:

The Society operates a Conveyancing Panel and in order for Firms to act for the Society you must be appointed to this panel. To be appointed to the panel you should apply at:-
www.lms.com/lenderpanels

You must also comply with the terms and conditions of your Suffolk Building Society solicitor panel appointment.

Are Suffolk Building Society Conveyancing panel solicitors at risk of the society amending or withdrawing the mortgage?

Suffolk Building Society ‘s answer to this question can be found at section B.3 of their BSA Mortgage Instructions which states:

The Society will consider the value of the cashback or incentive against the proposed loan to value in order to make a decision whether to amend or withdraw the Mortgage Offer

Is it possible that Suffolk Building Society will select an alternative solicitor on the Suffolk Building Society lender panel for a further advance during the lifetime of a mortgage ?

The Building Society Association Mortgage Instructions applicable to a solicitor on the Suffolk Building Society conveyancing panel indicates that when a further advance is required for alterations or improvements to the property we will not normally instruct a member of the Suffolk Building Society conveyancing panel but if you are instructed the appropriate provisions of the BSA mortgage instruction will need to be adhered to .

Will the fact that my practice subscribes to Alerts via this site help in my application to join the Suffolk Building Society conveyancing panel?

The criteria to join the Suffolk Building Society conveyancing panel is likely to be fairly detailed and is unlikely to include signing up to LENDERmonitor alerts.

Are the Council of Licensed Conveyancers taking any action to protect licensed conveyancers from being removed from lender panels?

The Council of Licensed Conveyancers has initiated dialogue with lenders and their representative bodies to see whether and how the risks that lenders wish to mitigate could be addressed through the regulatory framework rather than ad hoc arrangements that can differ from lender to lender. It is likely that that the CLC have been in touch with lenders such as Suffolk Building Society since 2008 which is when lenders started being more restrictive

Why has the Building Society Association introduced differing instructions from the CML?

The Building Society Association introduced it’s Mortgage Instructions in 2010 to ensure that licensed conveyancers or solicitors on a building society conveyancing panel had full access to a complete set of standardised mortgage instructions.

My firm is on the Suffolk Building Society conveyancing panel. I am dealing with Suffolk Building Society mortgage on a purchase. My borrower client is asking not to disclose an issue to Suffolk Building Society. What do I do in this conflict situation?

When a solicitor is acting for both Suffolk Building Society and borrower there is potential for conflicts to arise. You owe duties to both clients. All information received by you from your client is confidential and cannot be disclosed without the client’s consent.

In your situation, if the purchaser will not consent to the information being passed on to the lender, the solicitor must cease to act for Suffolk Building Society and it may well be prudent for you to cease to act for the purchaser as well. You must not inform Suffolk Building Society of the reason for termination of the retainer over and above the fact that a conflict has arisen. The fact that you can no longer act should alert even the most somnambulistic of lenders that something is wrong with the borrower and/or purchase. The fact that you have disinstructed yourself should not affect your Suffolk Building Society conveyancing panel status.

What lender panels do you receive the most questions about?

BSA lenders do not come within the top 20 lenders in terms of frequency of questions. The most popular lender panels in terms of questions are as follows:

Find a Lawyer on the Suffolk Building Society Conveyancing Panel

Average number of days to register title including a charge in favour of Suffolk Building Society

This information relates to purchase only and not remortgages.

Year	Days*
2026	[no data]
2025	[no data]
2024	[no data]
2023	[no data]
2022	[no data]
2021	[no data]

* Data aggregated from sources including COMPLETIONmonitor

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